Mohanty said, out of Rs 40,000 crore AUM, about Rs 32,000 crore will be equity, the balance being debt.
Mirae Asset has recorded an increase in the number of investor folios with more than 1.39 million investor folios (including more than 690,000 SIP investors) as on March 31, 2019.
The company is rolling out a new scheme namely Mirae Asset Focussed Fund. The fund will be invested in a focused portfolio of maximum 30 stocks and has the flexibility to invest across focus in large cap, mid cap and small cap categories. The NFO (new fund offering) of the fund will open from April 23, 2019 till May 7, 2019.
“Mirae Asset MF is enhancing its product basket to provide varied investment solutions for its investors and partners. The new offering will help us increase our equity offering and enlarge our investor base”, said Mohanty.
The mutual fund company aims to raise Rs 500 crore through the NFO. In addition, the company also has plans to launch a new mid-cap fund this year.
The AUM of Mirae Asset in Odisha is Rs 250 crore (as on March 31 2019) and aims to close this year with Rs 400 crore.